Tiger5
Level 4

I have a client that started a business in Oct 2021. registered as a partnership and Has start up cost from 2020.  

building cost 71,071.00 - should be put in as an asset and depreciated over 15 years. 

expenses 24,566.99 - which include labor,repairs,lawyers, material, utilities, equipment. - can i put this also on the asset worksheet?  

They also have 25,281.73 in equipment that i should put as an asset as well?

i can expense 5,000.00 and the rest goes in capitalize cost for the term of 15 years. 

the business started in 10/2021 and only has sales for oct, nov, dec 2021. not much. 

what are the forms i should use? i researched that i should use for 4562 and add asset worksheet. im using proseries as the program. i want to make sure i am using the correct forms and not missing anything.  

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